Public opinion polls for Congress have sunk into the single digits and some observers are wondering why the ratings aren’t even lower. The latest area of abuse is the alleged use of insider information on Capitol Hill for lucrative stock trades, reports Michael Winship.
After the savings-and-loan debacle of the 1980s and the Internet bust a decade ago, hundreds of financial culprits were “perp-walked” to jail. But the big bankers who tanked today’s economy have escaped punishment, an omission that Danny Schechter says must change.
Exclusive: As local governments shut down more Occupy encampments, the movement for the “99 percent” is at a crossroads. Some supporters advocate more civil disobedience; others urge a shift toward media outreach; and still others want a move into politics. But Robert Parry notes that all three approaches may be required.
Despite a lack of policy prescriptions, Occupy Wall Street dramatized the crisis of income inequality in America. Now, Danny Schechter says the challenge for the movement is to expand on that message with outreach to the broader national population.
In the holiday season, many Christians take pride in helping the poor – by donating food and toys – but U.S. religious leaders have stayed in the background of challenges to an inequitable economic system, leaving that Jesus work to mostly secular young people of the Occupy movement, the Rev. Howard Bess observes.
As the United States has de-industrialized over the past several decades, an illusion of prosperity was maintained by rampant consumerism fueled by easy credit and bubble economies. Now U.S. businesses are hoping for another fix from shoppers rushing to the malls, as Danny Schechter writes.
Former House Speaker Newt Gingrich epitomizes the licentious lifestyle and lucrative cronyism that American conservatives claim to hate, yet he is the latest Republican presidential hopeful to soar into frontrunner status, as Michael Winship notes.
Former House Speaker Newt Gingrich and right-wing talk-show hosts are whipping up their supporters against Occupy Wall Street, while some Democrats support the OWS goals but fear the backlash. However, poet Phil Rockstroh says this movement transcends traditional politics.
Facts and the written word have long been enemies of injustice, as they are now with critiques that the economic game is rigged to concentrate money and power at the top. So, it was no surprise when the New York police raid on Occupy Wall Street trashed the “People’s Library,” Danny Schechter reports.
Driven from its iconic encampment in Lower Manhattan, the Occupy Wall Street movement struggled to recover its political footing – and find a new geographical center – but its success in changing America’s economic discussion can’t be doubted, says Danny Schechter.